3D Systems’ (DDD) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research report report published on Saturday morning,Weiss Ratings reports.

Several other brokerages also recently commented on DDD. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

3D Systems stock opened at $3.75 on Friday. The company’s 50-day moving average price is $3.35 and its 200-day moving average price is $3.04. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.75. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market cap of $507.90 million, a PE ratio of -0.94 and a beta of 1.63.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, equities research analysts forecast that 3D Systems will post -0.73 EPS for the current fiscal year.

Insider Transactions at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Graves bought 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in 3D Systems by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares in the last quarter. Inspire Investing LLC increased its stake in 3D Systems by 33.7% during the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock valued at $43,000 after purchasing an additional 3,818 shares in the last quarter. Rhumbline Advisers increased its stake in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after purchasing an additional 4,451 shares in the last quarter. BNP Paribas Financial Markets increased its stake in 3D Systems by 14.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after purchasing an additional 5,884 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in 3D Systems by 31.3% during the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock valued at $91,000 after purchasing an additional 6,615 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.